XTX Topco Ltd Purchases New Stake in Dillard's, Inc. (NYSE:DDS)

XTX Topco Ltd purchased a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,122 shares of the company's stock, valued at approximately $760,000.

A number of other institutional investors have also recently modified their holdings of DDS. Raymond James Financial Inc. purchased a new stake in shares of Dillard's in the fourth quarter valued at approximately $556,000. JPMorgan Chase & Co. boosted its stake in shares of Dillard's by 37.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,256 shares of the company's stock valued at $4,428,000 after buying an additional 2,801 shares in the last quarter. Norges Bank purchased a new stake in shares of Dillard's in the fourth quarter valued at approximately $4,484,000. Pictet Asset Management Holding SA purchased a new stake in shares of Dillard's in the fourth quarter valued at approximately $254,000. Finally, Trexquant Investment LP purchased a new stake in shares of Dillard's in the fourth quarter valued at approximately $1,680,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DDS. JPMorgan Chase & Co. lifted their price target on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. UBS Group lifted their price objective on Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a report on Friday, May 16th. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Friday, May 16th.

Dillard's Stock Performance

Shares of DDS stock opened at $469.88 on Tuesday. The stock has a fifty day moving average price of $432.23 and a 200 day moving average price of $407.53. The stock has a market cap of $7.35 billion, a PE ratio of 12.98 and a beta of 1.06. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $514.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.10 by $1.29. Dillard's had a return on equity of 30.52% and a net margin of 8.93%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the firm posted $11.10 earnings per share. Sell-side analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 30th. Dillard's's payout ratio is 2.76%.

Dillard's Profile

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.

Want to see what other hedge funds are holding DDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dillard's, Inc. (NYSE:DDS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.